Total monthly cost of ownership
Cost to Own a Home in Russellville, Arkansas
A $167,000 home here costs
$1,400per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $859. The real number is $542 higher every month — 63% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Russellville against Pope County and Arkansas
| Measure | Russellville | Pope County |
|---|---|---|
| Median home value | $166,500 | $161,700 |
| Median property tax | $968 | $918 |
| Effective tax rate | 0.581% | 0.568% |
| Median gross rent | $835 | $855 |
| Population | 29,057 | 63,830 |
The weather behind that power bill
Russellville sits in Pope County, which averages a high of 92.5°F in its hottest month and a low of 29.7°F in its coldest, with 46.41" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,988 cooling and 3,279 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Pope County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Pope County
Common questions
How much does it cost to own a home in Russellville?
A $167,000 home in Russellville, Arkansas costs approximately $1,400 per month with 20% down at 6.66%. That is $859 principal and interest, $81 property tax, $125 homeowners insurance, $197 utilities and $139 set aside for maintenance.
What is the property tax rate in Russellville?
Russellville has an effective property tax rate of 0.581%, based on a median home value of $166,500 and median real estate taxes of $968. That is higher than the Pope County average of 0.568%.
What is the average home price in Russellville?
The median owner-occupied home value in Russellville, Arkansas is $166,500, against $161,700 across Pope County.
Is it cheaper to rent or buy in Russellville?
Median gross rent in Russellville is $835 a month, against $1,400 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Russellville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Arkansas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.